Blockchain and smart contract technology have come a long way since the ICO craze of 2017-2018 as the rise of decentralized finance spawned from the release of Uniswap v1 has led to an explosion of projects and protocols that span from non-fungible tokens (NFTs) to complex stablecoin farms.
Gone are the days when a project can skate by on simple name recognition and past laurels as the ever-evolving ecosystem of interconnected blockchain networks requires a more active and innovative development approach to stay relevant within the community and attract users and developers.
One project that got its foothold in the blockchain ecosystem as a first mover in the anime space that is now evolving into an all-inclusive ecosystem complete with its own decentralized exchange (DEX), NFT marketplace, VPN service and Governance token is Kishimoto Inu, a project destined to become the hub of blockchain-based anime.
After the project’s successful stealth launch on October 18, 2021, the development team behind the project set out to accomplish the second phase of its roadmap which includes the release of KishiSwap 2.0, the Kishimoto Inu community’s native DEX. Along with these accomplishments in the making, Kishimoto will also be listing on the first wave of SaitaMask this week, obtaining the view of hundreds of thousands potential new investors.
When it was first released, KishiSwap was a simple anime DEX interface that allowed users to buy and sell NFTs within the ecosystem. Now, KishiSwap 2.0 will help evolve the Kishimoto ICO protocol as a whole thanks to the integration of a launchpad that gives users early access to anime-based projects that are vetted by the Kishimoto Inu team to ensure that only the best projects make it onto the platform to be purchased by members of the community. Once a project is listed on KishiSwap, users will be able to purchase them using Ethereum or Kishimoto. On top of providing a way for new projects to launch, v2 of the DEX will also allow token holders to stake their holdings for an attractive yield while providing a full suite of analytics so that they can stay up to date with their latest investment activity and developments on KishiSwap.
For the creatives in the community, KishiSwap will also include the ability to mint NFTs that can be listed on the exchange, meaning anyone can jump into the NFT game and earn money creating the next popular anime-based NFT series.
In the future, NFTs minted on KishiSwap will also be able to be featured on Kishimoto’s 3D NFT Marketplace which is currently in the early stages of development. In addition, Katsumi (Kishimoto’s DAO token) is also set to launch in the following weeks. Katsumi will benefit Kishimoto holders by actively burning Kishimoto tokens. Katsumi’s “active burn” will not only increase Kishimoto’s value by buying tokens but will also decrease the supply in circulation, increasing scarcity for a higher demand for the Kishimoto token. Katsumi will be the first token to implement this “active burn” and will be an originator of the crypto governance tokens to be released in the future.
Kishimoto originally started on the Ethereum network but has since built bridges to the Binance Smart Chain, Fantom and Avalanche, providing widespread access to cryptocurrency proponents across the ecosystem who may have an interest in anime and the Kishimoto community.
These bridges also mean DEX investors will be able to cross blockchains for minimun fees, for example, bridging BSC Kishimoto to ETH Kishimoto with a low fee of .15 BNB, $81 at the time of writing, instead of paying hefty gas fees on the Ethereum blockchain which can easily be over $150 per transaction.
Kishimoto Inu has laid out an ambitious path to become the anime hub of the blockchain ecosystem and the upcoming launch of KishiSwap 2.0 is a step in the right direction to achieving that goal in the long term as it integrates the best of DeFi and NFTs to be a one-stop-shop for the Kishimoto community.
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